NEW YORK–(BUSINESS WIRE)–Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Maudie Long, CFA® has joined its New York office as senior portfolio manager. David DeStefano has also started at the firm’s New York office as trust officer.
“Maudie and David are experienced wealth and trust managers who are adept at helping clients strategically navigate different market conditions, as well as managing the nuances of relationships between clients’ family members,” said Paulina Mejia, regional managing director, trust counsel, and head of Fiduciary Trust International’s New York office. “We look forward to working with them as we continue to expand our holistic service offering, and our team’s areas of expertise, in order to bring peace of mind to our clients.”
Ms. Long reports to James Le Rose, managing director at Fiduciary Trust International. She was most recently senior vice president and senior portfolio manager at U.S. Trust, Bank of America Private Wealth Management, where she developed financial plans integrating taxable, tax-deferred, and trust accounts for private foundations as well as high-net-worth and ultra-high-net-worth individuals. During her 14-year tenure, Ms. Long served on one of the firm’s national diversity and inclusion business councils, and the marketing committee for Fairfield County, CT. Ms. Long previously worked for 10 years at Evergreen Investments-Wachovia Bank, where she was vice president and portfolio manager.
Ms. Long holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Society New York, and Connecticut Hedge Fund Association. She graduated from the University of Connecticut with a bachelor of science in finance, and completed the New England School of Banking’s trust program at Williams College, which included course work in tax and estate planning.
“Being in the position to bring on very experienced wealth and investment management professionals at a time like this is a testament to the strength of our business, and the attractiveness of the deep resources and tools available to our advisors who guide and protect clients,” said Lawrence A. Sternkopf, president and chief operating officer of Fiduciary Trust International. “We remain committed to expanding our offices throughout the country to ensure all clients have access to seasoned experts who understand their goals and help them implement their intended legacies.”
Mr. DeStefano reports to Debra Feeks, managing director and senior relationship manager, and Kimbrough Towles, managing director and senior portfolio manager, at Fiduciary Trust International. He joins Fiduciary Trust from BNY Mellon Wealth Management, where he served as associate wealth manager responsible for managing ultra-high-net-worth clients’ trusts. Mr. DeStefano was also secretary of BNY Mellon Wealth Management’s trust administrative committee. Earlier in his career, Mr. DeStefano was trust administrative officer and assistant vice president at U.S. Trust, Bank of America Private Wealth Management.
Mr. DeStefano graduated from The College of New Jersey with a bachelor of science in international business and finance. He holds the Certified Trust and Financial Advisor (CTFA) designation from the American Bankers Association and received a diploma in personal trust from the American Institute of Banking. Mr. DeStefano also completed the Cannon Financial Institute’s Trust School III program.
Ms. Long and Mr. DeStefano are the latest additions to the team in Fiduciary Trust International’s New York office, which has been steadily growing over the past two years. In March 2020, the firm announced the arrival of Kevin G. Carter, CFP® as New York-based senior portfolio manager. Jennifer McCarthy came aboard as a trust counsel and managing director in the New York office in September 2019. Recent hires in the New York office also include Rod Sayegh, who joined Fiduciary Trust International as head of digital strategy in May 2019, and Noah Uzal, who began his position as wealth director in September 2018. Isaac Barrocas and Nita S. Vyas started as senior portfolio manager and trust counsel, respectively, in the New York office in June 2018.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $71 billion in assets under management and administration as of March 31, 2020, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, and Arlington, VA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and Twitter: @FiduciaryTrust.
About Franklin Resources
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating, together with its subsidiaries, as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the Company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The Company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over US$589 billion in assets under management as of April 30, 2020. For more information, please visit franklintempleton.com.
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